Links Mar 11

European Parliament gives overwhelming ‘yes’ vote to end secret corporate ownership Eurodad
See also: MEPs vote for public registers on company ownership European Voice – But, UK Prime Minister does not want the rules applied to trusts

OECD Paper on transfer pricing comparability data and developing countries released for comment

OECD In Asia, Latin America To Talk BEPS Tax-News

Stanford Fraud Victims 1, Government 0 Bloomberg
On the story of the Antigua-based Stanford International Bank, and its owner the former Sir Allen Stanford (Antigua knighted him then took the title back). See also: Stanford’s Swiss Money To Go To Victims FINalernatives

Foreign trusts to be taxed as part of crackdown on tax evasion in Israel Haaretz

US expands investigations against offshore tax evasion to India, Israel The Hindu Business Line

Black money menace: Swiss exchanging ‘lawful’ information with India The Economic Times

Africa’s rising inequalities, the essential role of fair taxation Citifmonline

Nigeria: Missing U.S.$20 Billion – We Can’t Carry Out Forensic Audit, Says Auditor General allAfrica

Australia Pushing For MNEs To Pay ‘Fair’ Tax Contribution Tax-News

Finland, Chile Sign US FATCA Pacts Tax-News

Government to Vodafone: Indo-Dutch BIPA pact doesn’t cover taxation The Economic Times

UK court ruling may prompt more scrutiny of Amazon tax plan Reuters

UK: HMRC Anti-Avoidance Plans Overzealous, CIOT Warns Tax-News
See also: Celebrities face £1bn tax bill in HMRC crackdown CityWire

Bayern Munich’s Uli Hoeness in court over secret Swiss account The Guardian
See also: Swiss account threatens to sideline German icon swissinfo

Singapore and Dubai news: Wealth Report details the habits of the Ultra-rich Financial Secrecy Media Monitor

United Arab Emirates news: Visit from Lord Mayor of London seeking “piece of the Islamic finance action” Financial Secrecy Media Monitor

Tempura JR ruling revealed Cayman News Service
Latest events in the corruption case highlighting alleged misgovernance between Britain and its offshore financial centres

South Africa: Tax experts cheer move to fix transfer pricing Business Day Live

Mr Putin’s clever bond issue FT Alphaville
What to do when your creditor invades your country?

Related Posts

New estimates reveal the extent of tax avoidance by multinationals

Price Waterhouse CoopersNew figures published today by the Tax Justice Network provide a country-level breakdown of the estimated tax losses to profit shifting by multinational companies. Applying a methodology developed by researchers at the International Monetary Fund to an improved dataset, the results indicate global losses of around $500 billion a year. The figures appear in a […]


Banking Secrecy in China, its related territories and Taiwan

Hong Kong from Sky 100Foreword. The Tax Justice Network is a non partisan network of experts working towards transparency, so we do not take any position about countries’ territorial and political claims. However, we do expect countries with a de jure (legal) or de facto (in practice) influence over other territories, to take responsibility for their power. We point […]


Is tax avoidance at the heart of Ireland’s economic miracle?

AIB International Finance Centre Dublin - By Estoy Aquí (Own work) [GFDL ( or CC BY 3.0 (], via Wikimedia CommonsComing out of the economic crisis Ireland was one of the best performing economies, with GDP growth rates of 8.5% in 2014 and an extraordinary 26.3% in 2015. But how much of this economic activity was real, and how much a fiction created by Ireland’s tax haven status? A new paper by Heike Joebges of the University […]


New Report: HMRC’s “Building our Future” programme

bigben-mcbigbenfaceYesterday the Tax Justice Network was in the UK Parliament to launch a report it co-produced with the Public and Commercial Services Union. The report, entitled “HMRC, Building an Uncertain Future” is a study of HMRC’s (the UK tax authority) reform plans which it is calling “Building our Future”. The report published yesterday analysed the […]


Financial secrecy in football: time for action

bigben-mcbigbenfaceEveryone has known for years that football is rotten to the core and financial secrecy is at the heart of the problem. Why then is no one doing anything about it? This post from the Offshore Game project originally features in the Independent. 


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